Virtu Financial LLC Sells 103,424 Shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares $DRIP

Virtu Financial LLC lowered its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares (NYSEARCA:DRIP) by 48.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 109,853 shares of the company’s stock after selling 103,424 shares during the quarter. Virtu Financial LLC owned about 1.77% of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares worth $993,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 5,977.8% in the third quarter. JPMorgan Chase & Co. now owns 4,923 shares of the company’s stock valued at $42,000 after buying an additional 4,842 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 9.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 54,505 shares of the company’s stock worth $533,000 after buying an additional 4,826 shares in the last quarter. Finally, Group One Trading LLC grew its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 123.5% during the 2nd quarter. Group One Trading LLC now owns 4,775 shares of the company’s stock worth $47,000 after acquiring an additional 2,639 shares during the last quarter.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares Price Performance

Shares of NYSEARCA:DRIP opened at $5.50 on Monday. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares has a 12 month low of $3.77 and a 12 month high of $10.42. The company’s 50-day moving average price is $4.72 and its two-hundred day moving average price is $6.15.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares Profile

The Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) is an exchange-traded fund that mostly invests in energy equity. The fund provides 2x inverse daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US. DRIP was launched on May 28, 2015 and is managed by Direxion.